Investor Sentiment Has Improved Since Q4 Despite Trade Jitters, UBS Says

The video discusses the impact of market volatility on the tech sector, particularly in hardware and semiconductors, while noting that some tech areas with structural growth are more protected. It also covers the current state of investment and business confidence, highlighting a more optimistic outlook compared to the previous year, despite some lingering uncertainty and high cash levels among investors.

What changes in business confidence were observed from the fourth quarter to the first quarter?

What does the text suggest about the levels of cash held by investors?